Money’s No Object with Dylan Howell- Podcast

As investors, certain concepts just come with territory. One of which that is always touted as an investing must is diversification. Diversifying your portfolio is something that everyone says you should do, but there are mixed reviews when you hear the opinions of successful investors like Mark Cuban & Warren Buffett. This leads me to ask whether or not diversification is dumb and whether or not we need to be employing it in our investing lives. Today, we will discuss: 1. What diversification is 2. How most people don't understand diversification 3. What Mark Cuban & Warren Buffett say about diversification 4. Pros & cons of diversification   B...

Don't we all want to have some cash in our bank accounts? Don't we all want money in our pockets? SHOULD WE? I want to lay out the arguments for you as to why "Cash is Trash" and "Cash Is King" are huge sayings in the personal finance world. It seems strange that anyone would ever suggest that cash is trash, given how we must purchase everything we have with cash. That said, I do think there are specific situations where cash can fall into either of these categories. Today, we will discuss: 1. How to think about cash in your...

Managing your finances can be daunting. This can be especially true when you have spend years doing things that may hurt you financially, just to realize as much and attempt to turn the ship around later. I want to encourage you, though, that starting late in getting your finances in order is far preferred to no getting them in order at all. Whether financial freedom simply means having no debt with some money in the bank or a $5 million nest egg, know that starting NOW is going to be the best way to reach the financial goals that you have...

I don't want this show to be all about rules and legalism when it comes to your money. Of course I believe that there is an efficient path to financial freedom that we can all try to follow, but I do think that there are times when deviating from that path is appropriate. Today, I look to give you the reasons that you can break the "rules". These are all things that are not suggested in our financial lives on a normal basis, but when it comes to emergent situations, you can do some of these more extreme financial actions...

I talk a lot about investing in stocks, but I do not spend a lot of time discussing specific stock investing strategies/avenues that can be used for different needs of the investor. One type of stock investing that you can partake in is high-yield stock investing. This has everything to do with dividends and the income that your investments can produce for you over time. High-yield investors have a special set of considerations that they must make for their investment choices, but when it all comes down to it, we are all balancing a risk-return proposition in our portfolio...

Paying off debt is definitely the most difficult part of the Financial Action Plan that I have made for you all. When doing so, you need to have a method that is effective and will allow you to be motivated about and confident in your ability to pay off all your debt in a timely fashion. In order to do this, you should employ the debt snowball method: paying off debts from lowest amount to highest amount. You may think that interest rate ranking, or the debt avalanche method, is the best way to go about debt repayment, but it...

Without question, Americans have a debt problem, but that debt problem stems from a much bigger problem: a spending problem. We are either apathetic to the amount of money that we do spend, or we just don't care because we want all the things that money can buy us. This can keep us struggling to get our financial footing over and over again, and it can keep us either in debt or constantly reaching for debt when things get rough financially. Today, we will discuss: 1. How we get into debt 2. Ways we overspend 3. Why getting our spending in check is...

There are certain times in your financial life that you seem to have turned the corner into a new ballgame. One of those times, which is maybe the most significant, is when you finally get out of all consumer debt. This is a time to be celebrated, but it leaves you with many options as to what you are going to do with your money now. Getting out of the habit of having payments and living paycheck-to-paycheck is huge, and it can turn your financial life around in a hurry. Today, we will discuss: 1. The importance of being debt-free 2. What...

The last way that I want you to feel, when it comes to money, is hopeless. Sadly, this is how many young people feel. They feel as if they are drowning in the debt that they have taken on. The good news is that you can do something to make your financial life better, but you have to make the choice to change. Getting out of debt is hard, but once you do, you will feel freedom that you have never felt financially. Don't drown in debt... SWIM!   Begin your path to financial freedom today: https://www.youtube.com/channel/U...

I believe in using the stock market to grow my wealth. It has long been a proven way to make returns. The problem that can arise with many taking this same view is that they take all of their money and put it in the stock market to grow. This is especially the case when rates of return on stable assets/accounts are so low as they are today. We need liquid cash to protect our financial lives, but this NEVER means that investing should be foregone. Today, we will discuss: 1. The problem with investing all your money 2. The need...